Calculate the Product: 0.01 × 0.50 Decimal Multiplication

To solve this problem, follow these steps:

• Step 1: Multiply the numbers without considering the decimals. Calculate $1 \times 50 = 50$.
• Step 2: Count the total number of decimal places in both original numbers. $0.01$ has two decimal places, and $0.50$ has two decimal places. This gives a total of four decimal places.
• Step 3: Apply the total number of decimal places to the whole number product from Step 1. Therefore, $50$ becomes $0.005$.

Thus, the calculation shows that $0.01 \times 0.50 = 0.005$.

Therefore, the solution to the problem is $\textbf{0.005}$.